Fullcircle Wealth LLC Has $838,000 Holdings in Franco-Nevada Co. (NYSE:FNV)

Fullcircle Wealth LLC raised its position in shares of Franco-Nevada Co. (NYSE:FNV) (TSE:FNV) by 14.7% in the fourth quarter, Holdings Channel reports. The firm owned 7,129 shares of the basic materials company’s stock after buying an additional 912 shares during the period. Fullcircle Wealth LLC’s holdings in Franco-Nevada were worth $838,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Covea Finance raised its position in Franco-Nevada by 2.7% during the fourth quarter. Covea Finance now owns 101,320 shares of the basic materials company’s stock valued at $11,895,000 after acquiring an additional 2,700 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Franco-Nevada by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 423,166 shares of the basic materials company’s stock worth $49,702,000 after purchasing an additional 16,029 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Franco-Nevada by 5.0% during the 4th quarter. JPMorgan Chase & Co. now owns 962,671 shares of the basic materials company’s stock valued at $113,200,000 after purchasing an additional 45,495 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Franco-Nevada by 113.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,109 shares of the basic materials company’s stock valued at $601,000 after purchasing an additional 2,710 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Franco-Nevada in the fourth quarter worth $12,280,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Scotiabank boosted their price target on Franco-Nevada from $150.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Monday, April 14th. Royal Bank of Canada boosted their target price on Franco-Nevada from $145.00 to $155.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 11th. National Bankshares reiterated a “sector perform” rating on shares of Franco-Nevada in a report on Wednesday, April 23rd. TD Securities cut shares of Franco-Nevada from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, March 11th. Finally, UBS Group raised their target price on shares of Franco-Nevada from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 11th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $162.25.

Franco-Nevada Trading Down 0.8 %

Shares of FNV stock opened at $170.49 on Thursday. Franco-Nevada Co. has a 12 month low of $112.70 and a 12 month high of $178.74. The company has a market capitalization of $32.83 billion, a P/E ratio of -53.95, a P/E/G ratio of 9.78 and a beta of 0.45. The stock has a 50 day moving average of $158.02 and a two-hundred day moving average of $138.38.

Franco-Nevada (NYSE:FNV) (TSE:FNV) last issued its earnings results on Monday, March 10th. The basic materials company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. The firm had revenue of $321.00 million during the quarter, compared to analysts’ expectations of $304.33 million. Franco-Nevada had a positive return on equity of 10.55% and a negative net margin of 55.28%. Franco-Nevada’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.90 earnings per share. Sell-side analysts predict that Franco-Nevada Co. will post 3.09 earnings per share for the current fiscal year.

About Franco-Nevada

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.